Bank guarantee- Provisions / security deposit

Dear All,
I have looking for bank Guarantee solution in SAP. I know about SP GL but it doesn't cover the full functionalities like administrate Provisions which the customer paying to the Banks.
The core Process is like the advanced payment(FI) include the administration of Provisions.
The process starts with:
- Advanced payment request from selling customer
- The buying customer ask for securities for this advanced payment,
- The selling customer contacts bank for secure Advance payment,
- Bank secures that and asks for provisions (less than normal Interest).
- The buying customer pays "Advanced payment".
- The selling customer pays provisions for just outstanding part of advanced payment because when selling customer deliver services then advanced payment turn into Turnover.
Knows someone how /where to customize such process?
It should be a standard sap solution.
Thanks for your help
Morteza
Edited by: Morteza Chobari on Apr 8, 2008 2:35 PM
Edited by: Morteza Chobari on Apr 8, 2008 3:19 PM

Dear Morteza,
The Busiiness process explained by you, till customer makes down payment is general scenario only. Where as the Guarantee is concerned there is no FI entries passed in the Financial records of the seller, since a guarantee is given by the supplier's bank. However for providing the provision for contingent liablity to record the transaction you can create a noted items ie Special GL for Customers. When ever a guarantee is given you can pass an entry through transaction f-38.
Whenever you want to see the list of guanrantees given to customer you can select the noted items in T Code 5bl5n and get the list.
Regards
Suresh

Similar Messages

Bank Guarantee in Vendor Master

Hi,
I am having one scenarion for Vendor. I have to maintain Bank Guarantee for Vendor.
Where i have to maintain the Bank Guarantee.
Sangram

Hi,
BG, Security Deposit & Retention amounts needs to be addressed by the FI Module..
In F-47 & F-49, there are certain special indicators for
BG, Security Deposit .. chek with your FI guy..
I think it may be addressed as Advance...against PO number...
refer to this link
http://help.sap.com/saphelp_46c/helpdata/en/2a/30b746b1d511d194f300a0c9306794/frameset.htm
Regards,
Archit

Bank Guarantee - Vendor Side Txn

For certain Purchase Orders, vendors are required to submit 'bank Guarantee' (for perfomance reasons) from designated banks.
The requirement is to maintain details of these 'Bank guarantee' received from vendors and track their due date and related bank information. I notice that their is a similar functionality of 'Payment Gaurantee' for the customer facing transaction VX11N, but the same does not exist for vendors.
On further analsysis of VX11N and its program SAPMV86E, we noticed field 'Vendor' in Screen 0631, 701 and 101 in the screen layout, but for some reasons they are not displayed on screen during runtime.
Please share your opinions on the above and which of the following could be the best solution:
1) Create Spl GL indicator of type Bill of Exch, and record the due date for these Gaurantee using this indicator in Bill of Exch transaction.
2) Identify and activate the Vendor field in VX11N. Possibly, activate the screen exit for this trxn if available.
3) create custom Abap program
Many Thanks,
Prash,
PS: will be glad to award points for genuine answers.

Hi,
BG, Security Deposit & Retention amounts needs to be addressed by the FI Module..
In F-47 & F-49, there are certain special indicators for
BG, Security Deposit .. chek with your FI guy..
I think it may be addressed as Advance...against PO number...
refer to this link
http://help.sap.com/saphelp_46c/helpdata/en/2a/30b746b1d511d194f300a0c9306794/frameset.htm
Regards,
Archit

Security Deposit Payment and Clearing!

Hi Experts,
We have an requirement when the cash security deposit is processed/released in SAP ISU it should hit the liability ledger account and not the bank clearing account.
As per SAP standard functionlity when the cash security deposit request is initially posted it will have only A/R account associated with it as it is a statistical item with the main and sub of 0020/0020 and when the actual payment is received we post as an cash security deposit payment with the main/sub as 0020/0010 through assignment in the posting area 1010.
We have maintained the 0020/0010 in EK02 with the liability account assocaited with it.
Though it reads as cash security deposit payment as it is still posted through the payment lots it hits the bank clearing account associated with the payment lot and not the ledger account associated with the main and sub of 0020/0010. I checked the posting area 1010 and it didnt allow the G/L account to be specified during down payment clearing.
I am not sure if there is a way to handle this but our requirement is to capture this cash security deposit payment in different liability ledger account and not the Bank clearing/Cash in transit account.
Any thoughts on how to go about it and fix this issue will be highly appreciated.
Thanks,
Bharat

Hi - I recommend you document the expected postings, because when the security deposit is made, you are debiting cash, right?
Here would be the expected postings as an accountant when the security deposit is made:
Debit Cash
Credit Liability
When security deposit is released, then the following should occur:
Debit Liability
Credit cash
So to me the assumption that it shouldn't post to the bank clearing account is incorrect; it should as cash transactions are occurring, right? I recommend documenting the requirements with the accountant.
Tammy

Security Deposit Refund

Hi, I got a paper document called "security deposit refund"
and I guess, I'm getting back the amount of $411.51 for having paid on time the whole year.
What do I do with this? Do I go to the bank and get the money or go to Verizon Wireless store?
I'm new to this, so I would appreciate your help. Thanks!

Is it a check? if it is then I assume you can take it to a bank. If not you can't.

Security Deposit Acount Determination

Hi Experts,
When the security deposit request is paid by using Payment lot or Payment run the GL account reflecting in the entry is the bank clearing account. How do I post to the Security Deposit Accont GL ?
In EK02 I have maintained the relevant GL but the same is not determined in the payment entry.
Please advice.
Thanks
Satyajeet

Hi Satyajeet,
Security deposit request are statistical in nature.
When a SD request line item is posted in FI-CA, it does not have any impact in FI-GL.
FI-CA:Statistical entry in customer A/c
FI-GL: No entry
However, when a payment against the same comes, the following entry happens-
Bank A/c Dr
To Bank Clearing A/c
Bank Clearing A/c Dr
To Consumer Security Deposit A/c
The Consumer Security deposit A/c is maintained in EK01 against the main transaction for SD.
Moreover, you can maintain the main\sub for SD in posting area 1010 with clearing restriction 2 so that invoice raised on the account does not gets cleared by the security deposit payment.
Hope it helps...
Thanks,
Amlan

Security Deposit Refund after one year

I have paid every phone bill for the past 11 months and I am wondering when I am eligible to have my security deposit returned. I have had no luck with other inquiries I have made regarding this deposit in the past.

Hi Brandon,
I appreciate your inquiry about the security deposit. In order to be eligible to receive a security deposit refund in full, the account must meet several criteria:
• 350 days of active service (the 350 days begins from the point of activation, not from the time the security deposit is applied to the account).
• No suspensions due to non-payment.
• 12 consecutive months of timely, uninterrupted service.
• No payments returned from bank
Account balance current (no more than 30 days past due).
• No related account delinquent or written off requiring payment.
If the account remains active after one year of service, the security deposit will be automatically refunded within 1 - 2 billing cycles.
EdW_VZW
VZW Support
Follow us on Twitter @VZWSupport

Security Deposit - Refund time changed?

Good afternoon,
I just got off the phone with a Verizon representative and I was told my security deposit will not be refunded until next year in January? This is unacceptable, and I want to know who I can call or speak with to get this settled. When I took this plan from my moms account to take the bill off her hands in January of 2014 the woman I spoke with told me I had to pay a $400 non-negotiable security deposit, even though I have been with Verizon Wireless on this very same phone number since I was in 6th grade, mind you I'm now 21. She told me this would be refunded as long as I stay true to my bill and pay my bill on time for the next 6 months, that it would be refunded to me in 6 months. Being that I'm 21 $400 is a serious amount of cash for someone barely getting by and just moving out, and I did this all because I wanted to help my mom out and take the bill under my own name. I want my refund back, this is month is supposed to be the 6th month deadline for when my deposit is refunded. If you have phone logs you can check I welcome you to do so, as you WILL find out I was told that I was getting my deposit back in 6th months. This is completely unacceptable and I feel like I've been lied to. I was banking on this deposit coming back so that I could purchase a vehicle to get back and forth to work, and now that is apparently out the window? Who do I need to speak to so we can resolve this issue. Who do I call? Contact? The billing line straight up told me it won't be available until January of 2015, that is well beyond 6 months.
Thank you in advance for any advise you can spare,
Kenneth

Verizon Wireless Customer Support
It's certainly not ok for you to be told anything except for the correct information
YES! It is CERTAINLY NOT OK for us to be told anything except for the CORRECT INFORMATION!
I guess you guys should revisit your spiel when new accounts are being opened.
Like Kenneth, I was also told that I will get my security deposit after 6months, but when I read the T&C, I saw that it will be refunded after one year. I wish I recorded my conversation with your agent when I was opening my account back then. It will be a good case. Anyway, rules are rules and we have to follow what it is written on the T&C.
I hope Verzion will look into it and look into the spiel that your agents are using.

Security Deposit Check

I activated my service in Feb 2013, and had to pay security deposit of $400, since I'm a student. And since I'm a student, my dad is paying bills for me. After 1 year, just today, I received a check from Verizon that said "security deposit refund." The problem is that the check is in my dad's name, and it is void 6 months later. My dad is abroad and is going to visit me at September. I can't do anything with this check. Is there any way of getting refund in other method?

Nope. Take it to your dad's bank. They shouldn't have an issue with you depositing a check with his name on it in his account. Then call your dad and have him send you the money.

Security Deposit questions.

Hello everyone!
Well, I am 20 years old and looking into opening my own Verizon contract and I have zero credit history. I am a student at a local college, never had to take out a student loan, and have had no debts to pay. Reason in asking this, is I've done alot of reading recently and have seen where people have had to pay ~$400 security deposits. I currently don't have the money to pay for this alongside the price of a subsidized phone. Is it possible for a parent/guardian to cosign? Is it a guarantee that I will be forced to pay a security deposit? If anyone can shed some light on my questions it would be VERY much appreciated!
Thanks in advance!
Zander

Went to the local Verizon store today and for some awesomely odd reason, I'm cleared for 1 line! No security deposit required!
HOORAY!!!

Posting of Security Deposit from Customer

Hi All
I want to receive security deposit from a customer and post it to a special GL indiactor account. How to do that what is the T.code for that.
Please help

Dear,
You can use transaction F-02 and make following entry................
Posting Key.................................Account................................Sp GL..............................Amount
19................................................Customer...............................G(for e.g..)......................10000
40................................................Bank.......................................N.A..................................10000
Regards,
Chintan Joshi

What the security deposit APPLIED?

I have been used Family Plan with my brother.
And we stopped the Verizon Service during last 3 months cuz we went our hometown country.
And then, we back, now, I checked my bill history, there is "Security deposit Applied".
We don't have social numbers so we had to pay the security service fee each $400 at last year June.
And one year laster, June this year, we could back Security deposit. but where they gone?
for check? for my bank account? where? I couldn't get the deposit and my brother too!
And what is the A/P credit return?
I attached the photo of my bill.

Jsueh2,
This is something I would be wondering about too and we'd be happy to answer it for you. Although I do not have all the details since I'm not able to access your account I can give you some helpful general information. A security deposit is applied to an account when the account is no longer in good standing and has a past due balance that needs to be paid. A/P Credit Return means that after the deposit was applied there was a credit balance of $292.73 remaining, which we will send to you in a check. Is this account closed at this time?
SarahO_VZW
Follow us on Twitter @VZWSupport

FPCJ with Security deposit error

Hi
I am getting the following information when i post cash receipt entry through FPCJ.
1. I posted security deposit request.
2. I tried to post incoming cash receipt for that request.
I am getting following information.
Company code is not defined
Message no. F5165
Diagnosis
Colmpany code "" has not been created in financial accounting.
System Response
System error
Procedure
Correct the entry or create the company code using the financial accounting customizing functions.
Could you please anyone give solutions for this. It would be very helpful for me.
Thanks.
RAM.

Hello,
You need to configure Cash Journal to use FPCJ
The steps are below
1. Maintain Specifications for Cash Journal
IMG\FICA\Business Transactions\Payments\Incoming & Outgoing Payment processing\Cash Desk - Cash Journal\Maintain specifications for Cash jouranl
Here you have to activate the Cash journal apart from defining doc types and bank clearing account
2. Define Short account assignments for transfer postings to cash desk
IMG\FICA\Business Transactions\Payments\Incoming & Outgoing Payment processing\Cash Desk - Cash Journal\Define Short account assignments for transfer postings to cash desk
Here you have to define GL Account and CO assignment
3.Define Master data for Cash Journal
IMG\FICA\Business Transactions\Payments\Incoming & Outgoing Payment processing\Cash Desk - Cash Journal\Define Master data for Cash Journal
Here you have to define branch and cash desk name
4.Define accounts for Cash journal
IMG\FICA\Business Transactions\Payments\Incoming & Outgoing Payment processing\Cash Desk - Cash Journal\Cash Journal: Define Accts for Exp./Rev. Diffs from Cash Pay
Here you have to define GL Accounts
5.Define specifications for postings cash deposit/ with drawls
IMG\FICA\Business Transactions\Payments\Incoming & Outgoing Payment processing\Cash Desk - Cash Journal\Cash Journal: Specifications for Posting Cash Desk Deposits
Here you have to define GL Accounts for deposits and withdrawls
Now post Cash Jounral using FPCJ.
Mention your Company Code, Recon key, dates and amount.
You 'd post Cash Journal document
Hope this helps
Rgds
Rajendra

TDS on Customer Security Deposit

Hi All,
Actually I need help on TDS deducted on Customers. We have Registered Dealers.We take Security Deposit from the Dealers.We pay interest on Security Deposit. We want to configure the SAP functionality for Interest calculation on Security Deposit and TDS on it.
I have configured the system for Vendor TDS and it's working fine.When I go for the same on Customer SD interest TDS, it is not working properly. My concerns are as under :-
1) as in Customer Master,we do not have any field for "Receipint type" I am not able to use J1INCHLN as there is no "Customer field".
I tried J1INMIS to update remitance challan and bank challan.Problem is TDS certificate. In TDS certificate, I am not able to see BasicsurchargeE cess separately as surcharge and E cess tables are updated onlu with "Recepeint type" and we do not have that field in customer master. What could be the problem? How we can resolve it?
How we can configure the functionality where we can have both SD interest calculated and TDS also deducted properly?
Thanks in advance for your replies.

HI
If you set the posting indicator to "1", the withholding tax amount is deducted from the customer/vendor line item amount and/or bank line item, and a withholding tax line item automatically created.
After that pls make sure that the same Wtax code is assigned your customer master which is modified to 1 posting indicator and run again F.2B after all modifications
it has to work
Reg
Vishnu

I can't get my security deposit back.

I'ive called *611 for verizon help and they said I have a zero balance . Went into the store I purchased my phone twice and contract from, with a 900 dollar deposit (500 for 1 line and 400 for another), and they said call 611 and wait for 6weeks. i still have my receipts but neither of them cared. I paid my bill FULL for 13 months consecutively ALL before the due date. Should I call the FCC or get a lawyer than trying again? I am tired of going back to the store or calling 611.

First of all I've never heard of a $500 deposit. Last I know of security deposits are either $0, $125 or $400 depending on your credit. I found this in an older thread. This is from a VZW rep
In order to be eligible to receive a security deposit refund in full, the account must meet several criteria:
• 350 days of active service (the 350 days begins from the point of activation, not from the time the security deposit is applied to the account).
• No suspensions due to non-payment.
• 12 consecutive months of timely, uninterrupted service.
• No payments returned from bank
Account balance current (no more than 30 days past due).
• No related account delinquent or written off requiring payment

Bank guarantee- Provisions / security deposit

Similar Messages

Maybe you are looking for